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back to article Brazilian baddies bank Boleto billions

Brazilian bad guys appear to have made an astonishing $US3.75 billion by scraping a tonne of tiny transactions from a popular payment system used by locals, RSA researcher Eli Marcus says. The carders operating a single fraud ring may have netted enough over the last two years to foot 80 percent of Brazil's $4.7 billion World …

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  1. Michael H.F. Wilkinson Silver badge
    Joke

    Alliteration Alert

    Title totalled by trying too much

    Accept my ample apologies for an appalling attempt

    0 0 Reply
  2. AndyS

    Brazilian baddies?

    How many is that?

    2 0 Reply
  3. Sir Runcible Spoon

    Sir

    So if I understand this correctly the bad guys took advantage of a payment system that had no checks or balances, or comebacks, or protection - and the general public liked it BECAUSE of this?

    I find it more surprising that such a system exists that people trusted than that some bad guys decided to rip it off. As far as I can tell they have just effectively performed a public service* for slightly less cost than the banks would charge you (and the banks wouldn't even highlight the flaws in a shit system).

    *Only once it was discovered of course :)

    4 0 Reply
    1. razorfishsl
      Reply Icon

      Re: Sir

      You mean like bitcoin…….

      0 1 Reply
  4. Matt Devney

    Krebs title is better

    Brazilian ‘Boleto’ Bandits Bilk Billions

    1 0 Reply
    1. Robert Helpmann??
      Reply Icon
      Childcatcher

      Re: Krebs title is better

      Fraude Financeira!

      0 0 Reply
      1. Anonymous Coward
        Reply Icon
        Joke

        Re: Krebs title is better

        Whate shade of fraud is that?

        0 0 Reply

  5. This post has been deleted by its author

  6. Elbonian

    $3.75billion number looks a bit bogus

    495,753 estimated transactions compromised

    =$7564/transaction

    192,227 PCs infected

    =$19508/infected PC

    0 0 Reply

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